HPQ Si Europe: An interesting point of view.... Buy On Dips?.. HPQ Silicon's 52W range 0.20$-0.42$ up YTD +6,2% AVG Trading Vol 180k shares. 2 Month ago we saw the HPQ share to start its rally to 0.42$ Hi (vol. 1.2ml on 14.08.23) in just 2 weeks accompanied with strong volume before we retraced back to the 0.30$ level before we tested 0.24$.
Now interesting to note that on advancing days during this 2 month close to 6 million shares traded vs in declining days only 3.7 million shares changed hands. Technically speaking everything is fine with HPQ share price move. If someone looking to buy shares at 0.42$ and 0.32$ respectively he should start buying even more down here at 0.24$ as fundamentals are very sound with positive news flow coming constantly. Esp. 26.09.23 press release with the signature of a MOU with LN INNOV’ (Defense).
Now investors, esp. retail have to accept the fact that small cap stocks with small trading volume have a tendency to be volatile. And yes they retrace and don't move in a straight line up, the share price even ignore fundamental news flow ... for a while at least. I can only recommend to use the change from weak into strong hands to position yourself...
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